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The "experts" on another site have indicated the split
will be about MDMN 40%, JJQ 33% and CDCH 27%. Considering the number of issued shares, that would make a share price
ratio of CDCH to MDMN about 2.75 to 1.
If you think the stock price is going to the 50 cent range shortly after the JV announcement (as I do), then if doesn't make much sense to wait for cheaper prices which may never come. In that scenario, 3 cents is not much different than 4 cents. You'd be risking losing a 46 cent gain for another 1 cent - not good odds.
When will the BVIG shares be distributed? Anyone have a company source? If they are blaming the slow distribution on the government, exactly what is the problem?
The "questions" are probably like the ones on Dear Abby - they are made up and are not real inquiries. It does no good to ask a real question. Years ago I submitted a lot of questions using the procedure on the Medinah website. None were ever answered nor was there ever an indication that even one had been received. The company was completely unresponsive. If you don't believe this, go to the Medinah website, ask your question about what stage are the negotiations in, and see if you get a response.
strange trade 22222 shares must signal a message???
You only have to buy the stock sometime prior to the ex-dividend
day and hold for part of the day one day after ex-div date in order
to receive the dividend. From Wikipedia ---
"You do not have to sell the stock after the record date to be entitled to the dividend. However, you must hold and sell your stock on the ex-dividend date or after to be entitled to the dividend payment. In this example, assuming that you purchased the stock one day before the ex-dividend date, you would be a stockholder on the record date. If you sell the stock on the ex-dividend date, the buyer of your stock would be a stockholder one day after the record date given the three stock business trading day settlement. The person that bought your stock would not be entitled to receive the dividend.
You may own the stock for one day only (the Record Date) to be entitled to receive the dividend payment. If you buy before the ex-dividend date, and sell on the ex-dividend date or after, you will receive the dividend payment."
You will get your KATG shares when they are distributed.
I doesn't matter if you sell or continue to hold your KATX.
Projected KATG minimum share price estimate. It's easy. For a time KATX was trading in the 5 to 6 cent range. Then news came out about plans for drilling of Handcamp and the price rose to a high of 24 cents. That's a increase of 18-19 cents (say 18) for each KATX share due to the potential of finding gold at Handcamp. Now Handcamp has been transferred to BVIG (KAXG) which only has 1/4 the outstanding shares of KATX. Ergo, KATG should be worth a 4 times 18 cents or 72 cents. But wait, gold has been discovered so the property should be worth more that and 72 cents should be a minimum.
I posted above on the BVIG(KATX) board but most here own shares of BVIG so it should be of interest.
Projected KATG minimum share price estimate. It's easy. For a time KATX was trading in the 5 to 6 cent range. Then news came out about plans for drilling of Handcamp and the price rose to a high of 24 cents. That's a increase of 18-19 cents (say 18) for each KATX share due to the potential of finding gold at Handcamp. Now Handcamp has been transferred to BVIG (KAXG) which only has 1/4 the outstanding shares of KATX. Ergo, KATG should be worth a 4 times 18 cents or 72 cents. But wait, gold has been discovered so the property should be worth more that and 72 cents should be a minimum.
What is the general length and width of the Handcamp
deposit based on the magnetic survey? I remember a post comparing its shape to a potato but I can't find it.
I posted this question on the KATX board but no one can answer.
What is the general length and width of the Handcamp
deposit based on the magnetic survey? I remember a post comparing its shape to a potato but I can't find it.
Sounds good to me. Thanks.
Are the economics favorable to mine this deposit?
Who has done the math? Who has asked the company?
"HC" has shares???
A blockbuster press release was wasted in so far as BVIG is concerned since the stock can't be traded. KATX is moving but they don't own Handcamp. The company goofed this time in not having KATG ready to trade.
With good initial drilling results arriving about the same time as the KATG shares, I would guess that KATG will be worth a least a couple of bucks a share.
"We are also very pleased to announce that investors will be updated on the Handcamp first phase drill results in the very near future."
If this is the FIRST PHASE, then they must be planning a SECOND drilling phase. They didn't refer to it as World War I until WWII started.
Vianna - this info should be in a sticky post at the top of the thread until it gets superceded with better info.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53320673
They are letting people buy at 0.055. This is a good price when MDMN is 0.0285 and the CDCH-MDMN ratio is below 2.0.
Of course Dr DeCosta has a position. He was the one who introduced the dividend situation on the MP board and got people interested.
The agreement has (will be) signed by a private, non-traded, Chilean company. It wouldn't be covered by U.S. securities laws and probably would not have to be disclosed.
They were not writing about Medinah. It is another stock which is supposed to get a 39 times dividend either in cash or another stock.
If they pay the dividend in stock instead of cash, there is a big risk that all will be lost.
I think that is wrong. The price of BVIG would remain at 50 cents if new shares were issued and sold for that price. Thus cash would flow into the company treasury and would not dilute the share price as long as plans were in effect to use that new cash effectively.
Civic Day (Aug 2)is not an official Canada holiday.
Information About Civic Holiday:
Civic Holiday in Canada. The intent of the Civic Holiday is to "not work". So please don't work on Civic Holiday! In Canada Civic Holiday is in most cases the first Monday of August unless another civil or provincial holiday exists on a different date, in which case the local holiday is used.
Civic Holiday in Canada is not statutory holiday. A bill has been attempted to be passed in the house of commons but it has always been unsuccessful. If an employer wants you to work, it is a work day.
What you will often find, however, is that its name Civic Holiday changes from province to province, and even amongst different regions within provinces in Canada. This tells us that Civic Holiday is not as important as some other holidays, but still it is celebrated as a statutory Canadian holiday.
Unlike in Canada, Civic Holiday in United States (US) is called Labor Day.
BVIG ownership? I thought someone posted that Ken himself owned the shell and all shares of BVIG. They said that we were getting "free" shares of BVIG (not at the expense of KATX). Can someone explain?
Hey, Pro. What did the govt get on the assay of the hole that BVIG is duplicating?
Thanks, guys, for all the well-thoughtout replies.
I'd sure like to be able to add some more BVIG (get
it trading Ken).
Why would BVIG loan big money for KATX projects? They should fund their own new gold projects and thus do better than collect simple interest from KATX. Besides if KATX has the goods, funds would be available from outside sources. Even though both companies are controlled by Ken, BVIG and KATX are two separate companies and you can't move monies around willy-nilly without maybe incurring stockholder's lawsuits.
If we drilled the first holes at the same spot that the government did years ago when they found gold, I would think there is a good chance that we would assay gold also. Gump doesn't consider this in his visual assays.
I have seen a few small trades lately in the 60 cent range. No doubt these were shares that the market maker sold short. Just try to get your broker to send you the share certificates.
geoly, the most interesting thing I learned recently is that contacts have been made with consorting members who are furnishing status information. Do you know if this is factual or just a rumor? If true, how long has this information flow been going on?
BVIG really doesn't trade. It is just the market maker selling short shares he doesn't have and won't be able to get for a while.
Yesterday, if I remember, his "bid" was about 0.15 and his "ask" was about 0.65, again indicative of a non-traded stock. With good drilling results, the mm may increase his bid-ask prices which is meaningless since you can't buy BVIG stock. Ken needs to get his shares of BVIG into the marketplace and, no doubt, he is trying to do just this thing as quick as possible.
Drilling news won't do we shareholders any good because Handcamp is now in BVIG which can't be traded. A great discovery can't move up the price of BVIG because BVIG has no trading price. It's better that the drilling results be kept quiet until BVIG shares are available for trading.
And 4 years ago CDCH was worth 4 times MDMN. Maybe a 2/1 ratio CDCH/MDMN is too low and the ratio is moving higher back to the historic levels.
Good news from Handcamp can't help BVIG as it doesn't have an
established market (or price). And Handcamp can't help KATX since it doesn't own it anymore. Better hold the good news until it can benefit someone.
When do we expect BVIG to start trading so we can tell for sure what a share of KATX plus 1/4 share of BVIG is worth??? And how will the BVIG trading get started if the shares are restricted???
I believe Gump is correct. The PR could not offset the loss of the stock dividend but that doesn't mean the acquisition is weak. Some folks were just in for the stock dividend and don't care about long-term or any press release,
Just what is this rumor that no one has the guts to post?
All this funtime game playing is childish and is an insult to the serious people who are out of the loop and hurting.